Globe Exchange is an exchange platform striving to develop new prospects for cryptocurrency trading. Additionally, it also wants to make trading more convenient for all traders. Globe Exchange offers crypto traders a comprehensive collection of perpetual futures contracts. It has a stronger and quicker platform for conducting transactions with no latency.
Furthermore, there are other enticing perks that traders may uncover and use to boost their portfolio and management tactics. The platform is constructing a link between ordinary investors and institutional market makers, benefiting the ecosystem. Most people are aware of trading tokens, but fewer are taking advantage of trading possibilities in the futures market. Derivative Exchange makes it easy for any cryptocurrency trader to access futures contracts.
Let’s take a closer look at all of the platform’s features.
What is GDT Token?
GDT is the platform’s native token. You can use it to access all imported goods and services on the Globe Exchange. Users may buy GDT and trade it against other assets accessible on the Globe Exchange spot market, such as USDT. You can also use GDT for staking increments of 30, 90, and 365 days in exchange for daily interest.
Traders can choose to keep their GDT for an appealing percentage reduction on trading expenses. For example, holding 1 million GDT will reduce the Taker rate from 0.05% to 0.03%. GDT also serves as the fuel for Trading’s burning mechanism, with 30% of total futures exchange fees paid in GDT before burning. GDT becomes deflationary.
Global Exchange Review: Withdrawal and Deposit
You may begin putting coins into your Globe Exchange account once you have signed up for an account. To make things even easier, the site allows you to utilize QR scanning or a supplied URL to copy and paste into your wallet to begin the deposit. It takes 10 minutes to send funds to the Globe account. On the other hand, users can withdraw from Globe by entering information about the BTC wallet they wish to send. A fantastic aspect of Globe Exchange is that both deposits and withdrawals are free.
Global Exchange Robust Product For Serious Traders
As previously said, Globe Exchange develops and provides a number of both conventional and unique techniques for cryptocurrency traders. Spot trading, derivatives, Globe Gems, and Wealth are all included.
Spot Trading
Two pairings for spot trading on Globe Exchange are available: BTC/USDT and GDT/USDT. Traders may view clear displays of the market price and volume for the previous 24 hours and the current long and short rates on the dashboard.
Derivatives
Globe Exchange primarily concentrates and expands its derivatives offering by delivering varied innovative perpetual futures contracts. The assets offered are BTC, ETH, LUNA, SOL, AVAX, DOGE, UNI, FTM, MATIC, DOT, and VIX. BTC-VIX is a common pair representing a BTC volatility index using CBOE White Paper metrics to describe BTC price fluctuations.
In the same way, it aids spot trading, perpetual futures contract traders benefit greatly from real-time market indexes on their website. With all that current knowledge, investors may observe and speculate on market movements to maximize their buy or sell decisions without ever having to complete a purchase. Perpetual contracts also allow you to keep your job eternally because there is no set end date. Otherwise, a financing option provides a dividend every 8 hours for either side (long or short) of a position.
Global Wealth and Gems
Globe Wealth refers to GDT staking and Globe Gems, which provide traders with hot bargains, excellent discounts, and automatic mass purchase of popular cryptocurrencies in less than a week. The team is still developing the automatic staking mechanism before being formally provided to traders.
Also read: Binance.US Review? Pros and Cons of U.S. Based Low-Fee Exchange
Comprehensive Trading Instruments By Globe Exchange
Globe Exchange provides traders the tools they need to make the most of their orders. To enhance profitability, users can apply the leverage of up to 100x for perpetual contracts. Aside from that, several orders are available for spot and derivative trading, notably market orders, limit orders, and stop orders. Depending on the intrinsic structure of each order, traders can choose to open a position and execute their transactions when and where the price is favorable to them.
Furthermore, the platform’s Unified Margin system allows traders can utilize multiple coins as collateral for futures transactions. This facilitates trading and removes hurdles regardless of the crypto you hold in your wallet, with a bonus to promote several specific currency collateralizations.
Best Features of Globe Exchange
1. Globe Exchange Offers Affordable Fees
The usual rate for both spot and perpetual trades is typically 0% on Maker and 0.05% on Taker. However, as previously indicated, anyone with a substantial quantity of GDT will be eligible for a huge Taker fee discount of up to 40% from the platform.
Aside from that, Globe Exchange does not impose any further fees, whether users are keeping funds, making deposits, or withdrawing funds. However, costs from other networks utilized for the transmission may apply.
2. Affiliate Marketing Program of Globe Exchange
Globe Exchange invites traders to introduce friends and other crypto enthusiasts to the platform to benefit from the affiliate programs. As a result, traders can earn 30% of the fees for each successful recommendation. The commission proportion will increase when new users activate their accounts and begin trading, with a maximum of 20% additional commission when new accounts trade 25 XBT or higher.
The software also offers pointers on how members may improve their conversion rate and make more money through Affiliate networks.
3. Breakneck Transactions Speed
Globe Exchange prioritizes speed and efficiency, making the platform speedier than many other exchanges. While other exchanges typically deal with traffic saturation, which causes slow procedures or even system breakdowns, Globe is well aware of the issue and has developed its technology that increases performance up to five times that of the NASDAQ.
Globe exchange handles 15 million messages per second and over 100 thousand API connections. During busy hours, they can complete all transactions quickly. Because of the WebSocket API, Globe Exchange makes integration simple for traders. Traders may link Globe to other external programs, and cryptocurrency trading becomes frictionless.
Final Verdict
To summarize this review, the Globe Exchange website unquestionably ticks all necessary boxes. It is one of the greatest exchanges where traders may obtain all they need to begin started with trading. Regardless of skill level, the Globe exchange includes a wide range of marketable assets for everyone.
With the rising popularity of cryptocurrency trading, there is an urgent need for a solid platform that can open up new possibilities in the financial market for traders to explore and flourish. Globe Exchange has successfully realized that aim by providing a diverse choice of trading instruments and financial plans to help traders streamline their trading activities.
Furthermore, Globe Exchange’s security precautions are worth highlighting because all Globe Exchange accounts and traders’ information is kept personal and private. Overall, Globe exchange is a reliable crypto exchange for all types of traders worldwide.
